"An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor for now, rebuffing President Donald Trump's efforts to remove her just ahead of a key vote on interest rates. The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook before the Fed meets. And Cook's lawsuit seeking to permanently block her firing must still make its way through the courts."
"An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor for now, rebuffing President Donald Trump's efforts to remove her just ahead of a key vote on interest rates."
An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor for now, rebuffing President Donald Trump's efforts to remove her just ahead of a key vote on interest rates. The ruling preserves Cook's position temporarily while legal challenges continue. The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook before the Fed meets. Cook's lawsuit seeking to permanently block her firing must still make its way through the courts. The decision prevents immediate removal and maintains the current Fed board composition pending further judicial action.
Read at ABC7 Los Angeles
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